Natural gas prices retreated for a third straight session Wednesday as traders locked in profits ahead of a weekly storage report. Natural gas for June delivery settled down 3.3 cents, or 1.1% lower, at $2.915 a million British thermal units on the New York Mercantile Exchange. The bull run that the market has been on since April 27 appears to be over, traders said. Many traders who made big gains in recent weeks wanted to sell out and lock in those profits before the U.S. Energy Information Administration releases its inventory update on Thursday morning, said John Woods, president of JJ Woods Associates and a Nymex trader. “In short term, it’s just jockeying,” he said. The EIA is likely to report that gas storage levels grew by 97 billion cubic feet during the week ended May 15, according to the average forecast of 16 analysts surveyed […]